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Snam — Capital/Financing Update 2017
Feb 14, 2017
4042_rns_2017-02-14_a56d786f-0c64-4307-8099-7adcd9e0c4b0.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0542-18-2017 |
Data/Ora Ricezione 14 Febbraio 2017 17:44:46 |
MTA | ||
|---|---|---|---|---|
| Societa' | : | SNAM | ||
| Identificativo Informazione Regolamentata |
: | 85095 | ||
| Nome utilizzatore | : | SNAM01 - Palladino | ||
| Tipologia | : | IROS 06 | ||
| Data/Ora Ricezione | : | 14 Febbraio 2017 17:44:46 | ||
| Data/Ora Inizio Diffusione presunta |
: | 14 Febbraio 2017 17:59:47 | ||
| Oggetto | : | Snam launches 5 years bond issue (private placement) for 300 million euro |
||
| Testo del comunicato |
Vedi allegato.
NOT TO BE PUBLISHED OR DISTRIBUTED IN THE UNITED STATES, CANADA AND JAPAN
Snam launches 5 years bond issue (private placement) for 300 million euro
San Donato Milanese (Milan), 14 February 2017 – Today Snam S.p.A. (rated Baa1 by Moody's, BBB by S&P and BBB+ by Fitch) launched a floating rate note issuance (private placement), for an amount of 300 million euro, tenor of 5 years and coupon equal to 3 months Euribor plus 0.60%.
Today's issue is consistent with the optimization process of Snam's debt structure and cost of capital, in line with the Company's targets.
The notes, issued under Snam's 10 billion euro Medium Term Notes Programme which was approved by the Board of Directors on 27 September 2016, will be listed on the Luxembourg Stock Exchange.
DISCLAIMER
This announcement (and the information contained therein) does not constitute or form part of any offer to sell nor a solicitation of any offer to buy any securities nor shall there be any offer of securities in any jurisdiction in which such offer or sale would be unlawful. It may be unlawful to distribute this announcement in certain jurisdictions. This announcement does not constitute an offer of securities for sale in the United States, Canada and Japan and in any jurisdiction in which such offer or sale would be unlawful and is not for publication or distribution in any such jurisdictions. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This announcement is not a public offer of financial products in Italy as per Article 1, para. 1, letter. t) of Legislative Decree no. 58 of February 24, 1998. The documentation relating to the offer has not been/will not be submitted to the approval of CONSOB.
This press release is available at www.snam.it
Snam Press Office T +39 02 37037273 F +39 02 37039227 [email protected]
Snam Investor Relations T +39 02 37037272 F +39 02 37037803 [email protected]